Methanol Chemicals Co. (Chemanol) reported a net profit of SAR 21.37 million for the first half of 2018, versus net losses of SAR 2.99 million in year-earlier period, driven by robust sales and decreased expenses thanks to the company’s cost-cutting strategy.
|Gross Income||71.90||94.35||31.2 %|
|Operating Income||2.80||43.66||1460.2 %|
|Net Income||(2.99)||21.37||813.8 %|
|EPS (Riyal)||(0.02)||0.18||813.8 %|
Chemanol’s net profit for the second quarter stood at SAR 31.63 million, compared to SAR 2.62 million in year-earlier period, due to improved operating performance, higher production volumes, and lower costs despite the slowdown in the construction industry.
On a sequential basis, the company turned profitable in Q2, as it sustained SAR 10.26 million losses in Q1 2018.
|Period||Revenues||Gross Income||Net Income||EPS (Riyal)||Earnings Growth|
|2018 - Q4||161.51||41.08||2.33||0.02||115.74 %|
|2018 - Q3||187.22||60.14||22.45||0.19||326.69 %|
|2018 - Q2||195.71||69.54||31.63||0.26||1,109.06 %|
|2018 - Q1||157.17||24.81||(10.26)||(0.09)||(82.85 %)|
|P/E Before Unusual Items (TTM)||HIGH|
|Market Cap. (M)||950.33|
|Return on Average Assets||0.75 %|
|Return on Average Equity||1.41 %|